Rogers Sugar (TSE:RSI) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Rogers Sugar Inc. (TSE:RSI) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$6.11 and traded as high as C$6.19. Rogers Sugar shares last traded at C$6.12, with a volume of 126,771 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on RSI shares. TD Securities cut Rogers Sugar from a “buy” rating to a “hold” rating and set a C$7.00 price target on the stock. in a report on Friday, November 28th. BMO Capital Markets boosted their target price on Rogers Sugar from C$6.50 to C$7.00 and gave the stock a “market perform” rating in a research report on Friday, November 28th. Finally, National Bankshares upped their target price on Rogers Sugar from C$6.25 to C$7.00 and gave the company a “sector perform” rating in a report on Friday, November 28th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$6.90.

Rogers Sugar Stock Down 0.8%

The business has a fifty day moving average price of C$6.08 and a two-hundred day moving average price of C$6.11. The company has a current ratio of 1.39, a quick ratio of 0.56 and a debt-to-equity ratio of 104.41. The company has a market cap of C$784.47 million, a price-to-earnings ratio of 12.49 and a beta of 0.69.

Rogers Sugar (TSE:RSI) last posted its quarterly earnings results on Thursday, November 27th. The company reported C$0.16 EPS for the quarter. Rogers Sugar had a net margin of 4.40% and a return on equity of 13.16%. On average, equities analysts predict that Rogers Sugar Inc. will post 0.5597668 earnings per share for the current year.

Rogers Sugar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, January 14th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 5.9%. The ex-dividend date was Wednesday, December 24th. Rogers Sugar’s payout ratio is currently 73.47%.

About Rogers Sugar

Rogers Sugar Inc is a Canada based sugar producing company. The company along with its subsidiaries is principally engaged in refining, packaging, and marketing sugar products. The products offered by the company include iced tea mix, stevia, yellow sugar, Cubes, Coconut sugar, and other related sugar products. It operates in the following reportable segments: Sugar and Maple products, of which the majority of the revenue comes from sugar products. Its geographical segments include Canada, which is the key revenue generator; the United States; Europe; and others.